Trichet: economy in deepest crisis since WWII(& WWI)

AP ^ | 05/15/10

[TigerLikesRooster]

Trichet: economy in deepest crisis since WWII

Sat May 15, 6:51 am ET

BERLIN – The President of the European Central Bank is quoted as saying that he still sees Europe's economy in its deepest crisis since World War II or even World War I.

German News weekly Der Spiegel on Saturday reported that Jean-Claude Trichet said that since the beginning of the financial crisis in 2008 "we have experienced and we are experiencing really dramatic times."

[TigerLikesRooster]

P!

[mlocher]

Trichet linked the recent exacerbation of the eurozone's debt crisis to the 2008 collapse of the U.S. investment bank Lehman Brothers, saying "the markets didn't work anymore."

The markets work well if you let them. This idiotic statement is cover for the fact that the European nations have not taken responsibility for their spend, spend, spend socialist policies. With people like this leading Europe, no wonder they are in such dire straights.

[Rodm]

Yes, the ultimate godless world dictator will arise out of this socialist mess.

[dennisw]

Trichet: economy in deepest crisis since WWII>>>>>>>>

No shiite Sherlock. Give this Euro-crat a prize

[silverleaf]

we should remember what happened in Germany in response to the post-WW1 economy, and consider what a modern day Weimar Republic might resemble, and the outcome

[Mariner]

It is the intent of the EU to shift debt and default to the payer of last resort, the US taxpayer.

If/when the US taxpayer refuses the loan...the world as we know it will collapse.

The world is in a bad way...

[SaraJohnson]

Looks to me like things are shaping up for the globalists. BTW, “Europe” did not have an economy leading up to WWII. That is new for this time of global government plans. The banksters and their globalist political minions have exerted tremendous effort to wreck every Western economy on earth.